Easley, SC (PRWEB) June 22, 2008
Apartments at Ajman's 'The Cavendish' have been highlighted by the International Property Investment Network (IPIN) as an ideal opportunity to profit from the high capital appreciation that this small emirate now offers. Strong demand for property and a favourable tax-free investment arena are truly reminiscent of neighbouring Dubai. Today's investors in Ajman expect to see the same kind of returns as those who bought at the right time in Dubai back in 2002.
Following on from last year's surging growth in emerging Ajman, apartments at The Cavendish are conservatively estimated to fetch a lucrative 25% per annum along with strong rental yields of 7%.
Indeed, many of the signs that Dubai showed in its emerging years are now clearly evident in Ajman: low prices; a growing population (260,000 and increasing rapidly); high demand for top-class property; strong capital growth (25-40% p.a.) and rental returns (7-12% p.a, rising some 70% in 2007); an overseas investor-friendly tax free climate and the new international airport are all sure signs of future growth potential for property in Ajman.
Ajman is the smallest of the seven Arab emirates but it seems set to become one of the most important. The population has grown considerably in recent years, largely due to an influx of people from the neighbouring emirates of Dubai and Sharjah, creating a noticeable boom in development and construction and a doubling of land prices in the past year.
Mark Wilson, Product Acquisition Manager at IPIN explains the company's criteria for listing this particular development as a featured investment option in Ajman: 'The Cavendish has been chosen as a prime investment because, not only does it sit within a fast emerging UAE market with great tax exemptions, the development itself is so well located in Awali City, just 20 minutes from the airport and two minutes drive from the beach. With pre-release prices starting at just 277,800.00 AED (circa 38,780 GBP) and with two payment options available, as well as an interest-free two year payment plan, our due diligence experts have no hesitation in recommending this investment.'
Surrounded by parks, lakes, schools leisure centres and a retail mall, The Cavendish offers many local amenities for residents, along with all the mod-cons to be expected of a luxury new development. Units boast air-conditioning, double-glazed thermo-heat resistant windows, furniture packs, as well as digital and satellite wiring. The block fits the bill of all discerning investors and therefore includes a communal swimming pool, health and fitness club, closed circuit security, 24-hour maintenance services, partial solar power and lots more, all topped by impressive landscaped roof gardens.
All discerning property investors realize the importance of taking advantage of the most lucrative real estate opportunities just as soon as they arise, before they become common knowledge. The International Property Investment Network (IPIN) operated by Propertyshowrooms.com helps all types of investors in their quest to access up-to-the minute information on the very latest investment opportunities in the worldwide property market today.